LNTP3 Sample Clauses

LNTP3. Within three (3) Business Days of Department receiving from Design-Builder documentation demonstrating Design-Builder’s achievement of the LNTP1 Completion Milestone, Department shall issue a limited notice to proceed (“LNTP3”) authorizing and obligating Design-Builder to commence the Early Work described in Section 2.C (LNTP3 – Early Work) of Exhibit 5. Design-Builder shall commence such Early Work within fourteen (14) days of its receipt of LNTP3, unless the parties mutually agree otherwise in writing. The scope, schedule, payment amount and payment terms for such Early Work are set forth in Exhibit 5. Except as otherwise provided in Section 5.1.1.4 below, the total amount of compensation paid by Department to Design-Builder in respect of the Early Work undertaken pursuant to LNTP3 shall not exceed the amount equal to (i) fifty million dollars ($50,000,000) plus (ii) the portion, if any, of the LNTP1 Cap that has not been paid by Department to Design-Builder for Early Work completed as of the date on which Design-Builder achieves the LNTP1 Completion Milestone.
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LNTP3. Within three (3) Business Days of Department receiving from Design-Builder documentation demonstrating Design-Builder’s achievement of the LNTP1 Completion Milestone, Department shall issue a limited notice to proceed (“LNTP3”) authorizing and obligating Design-Builder to commence the Early Work described in Section 2.C (LNTP3 – Early Work) of Exhibit 5. Design-Builder shall commence such Early Work within fourteen (14) days of its receipt of LNTP3, unless the parties mutually agree otherwise in writing. The scope, schedule, payment amount and payment terms for such Early Work are set forth in Exhibit 5. In no event shall the total amount of compensation paid by Department to Design-Builder in respect of the Early Work undertaken pursuant to LNTP3 exceed seventy-five million dollars ($75,000,000).
Sample 1

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